Question

Piston Motor Company of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of yen (the sign for yen is 1). A simplified version of its recent balance sheet contained the following items (in billions). Cash and cash equivalents Common stock Accounts payable and other current liabilities Inventories Investments Long-term debt Net property, plant, and equipment Other assets Other liabilities Retained earnings Total assets Total liabilities and stockholders' equity Trade accounts, notes, and other receivables 890 279 4,397 1,404 829 1,833 2,188 6,314 1,629 4,511 12,649 2 1,024 Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Enter your answers in billions.) PISTON MOTOR COMPANY Balance Sheet (in billions of Yen) Assets Cash and cash equivalents Inventories Investments Prey 1 of 5 !!! Next >

Answer 1

PISTON Motor Company Balance sheet March 31, Current year (in billions of year) Assets Cash and cash equivalents ¥ 890.00 Inventories ¥ 1,404.00 Trade accounts , notes, and other receivables \ 1,024.00 Investments ¥ 829.00 Net Property plant and equipment ¥ 2.188.00 Other assets ¥ 6,314.00 Total assets ¥12,649.00 Liabilities Account payable and other current liabilities ¥ 4,397.00 Long term debt ¥ 1.833.00 Other liabilities ¥ 1,629.00 Total liabilities \ 7,859.00 Stock holders equity Common stock ¥ 279.00 Retained earnings ¥ 4,511.00 Total Stock holders equity \ 4,790.00 Total liabilities and stock holders equity ¥12,649.00